Defined Contribution Plans Manager
The State Universities Retirement System of Illinois (SURS) is looking for a skilled manager with investment experience to oversee its two defined contribution plans - the Retirement Savings Plan (401a) and Deferred Compensation Plan (457b) - including establishing and implementing policies, procedures, and compliance. Recordkeeping and many administrative functions are outsourced to a third party.
This position will serve as the primary SURS contact and liaison between the recordkeeper and SURS investment, legal, accounting, counseling, employer services, and communication staff, as well as other RSP/DCP service providers who collectively administer the two defined contribution plans.
This is a full-time position in Champaign, IL with a hybrid work schedule.
For more information and to apply go to: https://surs.org/career-opportunities-with-surs/.
SURS is the administrator of a cost-sharing, multiple-employer, public employee retirement system that provides retirement, survivor, disability and death benefits to employees of Illinois state universities, community colleges, and certain other affiliated organizations and agencies. SURS provides benefit services to over 250,000 members who work for 61 employers. SURS is responsible for investing assets in a diversified portfolio of U.S. and foreign stocks, bonds, real estate and alternative investments. SURS maintains a defined benefit plan, which on June 30, 2023, had assets valued at approximately $23.2 billion. SURS administers two defined contribution plans, the Retirement Savings Plan, which on June 30, 2023, had assets of approximately $3.7 billion and the Deferred Compensation Plan, which had assets of approximately $28.5 million.